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Strategies & Market Trends : Tech Stock Options

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To: Patrick Slevin who wrote (45548)6/11/1998 10:39:00 AM
From: SE  Read Replies (1) of 58727
 
Well, so far not so good for the home team! I was thinking about what I typed last night and I expect we have a potential downside to 535 OEX and the up-side I would guess at about 547.50 or so. Reasoning is that the delay in reaction to the indicators can be as great as almost a full trading day and the upside I "feel" will be limited due to the nature of how far we have run the past few days.

In any event, the alternative scenario is that the indications were very strong, but are negated due to the the run we have had and the overall fundamentals of the marketplace. These are factors I have not yet worked into the scenario.

I know one thing for sure, if we get crazy indications like last Oct on the drop day, calls will be the order of the next few hours after the indications.

-Scott
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